M&A, Partnerships and Organic Growth in Wealth Management, Q3 2007

Table of Contents

• The Roundup
  • M&A
  • Partnerships
  • Organic growth
• The Developments
  • ABN AMRO
    • Mellon buys back ABN AMRO Mellon Global Securities Services (Divestment) - July 07
    • Sofinco to acquire Interbank and DMC Group from ABN AMRO (M&A) - July 07
  • ANZ
    • ANZ purchases 10% stake in Saigon Securities Incorporation (M&A) - September 07
    • ANZ Private Bank opens Tasmania office (Organic Growth) - August 07
  • Bank of America
    • Bank of America acquisition creates large private wealth management organization (M&A) - July 07
    • Bank of America signs two lease agreements in Dallas (Organic Growth) - July 07
    • Bank of America realigns Premier Banking & Investments Divisions (Organic Growth) - August 07
  • Bank of Tokyo Mitsubishi UFJ
    • Mitsubishi UFJ Trust and Banking to focus corporate lending into four core outlets (Organic growth) - August 07
    • China Development Bank becomes major shareholder in Barclays (Partnerships) - August 07
  • BBVA
    • BBVA opens new center in Spain (Organic growth) - July 07
    • BBVA successfully completes Compass acquisition (M&A) - September 07
  • BNP Paribas
    • BNP Paribas and RBS International Securities Services to merge (M&A) - July 07
    • BNP Paribas enters joint venture with Sahara Bank (Partnerships) - July 07
    • BNP Paribas launches Swedish operations (Organic Growth) - September 07
    • BNL to be incorporated into BNP Paribas (M&A) - September 07
  • Citigroup
    • Citi secures rights to Banco de Chile holding company (M&A) - July 07
    • Citi to launch equity business in Turkey (M&A) - August 07
    • Citigroup expands ' Citigold' offering in China, opens new branch (Organic growth) - July 07
    • Citi strengthens wealth management operations in Singapore (Organic growth) - July 07
  • Crédit Agricole
    • Crédit Agricole signs acquisition agreement with Bank Sarasin (M&A) - July 07
    • Crédit Agricole proposes restructuring strategy (Organic growth) - July 07
    • Caceis to buy Olympia Capital International (M&A) - July 07
  • Deutsche Bank
    • Deutsche Bank increases capital in Thailand branch (Organic growth) - July 07
  • Fortis
    • Fortis sells a minority stake of Fortis Investments to Tokio Marine & Nichido Fire (Divestment) - July 07
    • Fortis Bank sells its stake in Banco Comercial Portugues - September 07
    • Fortis, Santander and RBS continue with their offer for ABN AMRO (M&A) - July-September 07
  • HSBC
    • HSBC agrees to acquire a majority shareholding in Korea Exchange Bank (M&A) - September 07
  • ING
    • ING Group completes sale of ING Trust (Divestment) - July 07
  • KBC
    • KBC Securities acquires a majority shareholding of Baltic Investment Company (M&A)- July 07
    • KBC Securities acquire Hipobroker in Serbia (M&A)- July 07
    • KBC receives final approval to acquire Absolut Bank (M&A)- July 07
    • KBC acquires 75% share in EIBANK (M&A) - September 07
  • Merrill Lynch
    • Merrill Lynch and AEGON to enter into strategic relationship (Partnerships) - August 07
    • Merrill Lynch and First Republic Bank close merger (M&A)- September 07
    • Merrill Lynch announces strategic relationship with ASSET4 (Partnerships) - September 07
  • Mizuho Holdings Inc.
    • Mizuho announces the dissolution of Mizuho Credit Co. Ltd. (Divestment) - August 07
  • Monte Paschi di Sienna (MPS)
    • Banca Monte Dei Paschi acquires AXA SIM- July 2007
  • Morgan Stanley
    • Morgan Stanley Investment Management partners with Korea' s National Pension Service- July 07
  • OCBC
    • OCBC subsidiary commences business in China (Organic Growth) - August 07
  • PNC
    • PNC to acquire Sterling Financial Corporation (M&A) - July 07
    • Mercantile Banks converted to PNC (M&A) - September 07
  • RBS
    • RBS opens new branch in Beijing (Organic Growth) - August 07
    • RBS, Santander, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07
  • Sal. Oppenheim
    • Sal. Oppenheim increases its minority share in IKB (M&A) - August 07
  • Santander
    • Santander creates a Global Private Banking Division (Organic Growth) - September 07
    • Santander, RBS, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07
  • Sarasin
    • Sarasin and AIG Private Bank to create bank for affluent clients (Partnership) - July 07
  • Schroders
    • Schroders and Citibank to make international mutual funds available in China (Partnership) - August 07
  • Société Générale
    • SG Hambros acquires ABN AMRO Private Banking London (M&A) - September 07
  • Standard Chartered
    • Standard Chartered becomes largest international bank in Taiwan (M&A) - July 07
    • Standard Chartered to acquire stake in UTI securities (M&A) - August 07
    • Standard Chartered to acquire American Express Bank (M&A) - September 07
  • UniCredit
    • Unicredit and Capitalia merger cleared (M&A) - September 07
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer